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PNSA and Firon Bar-Nir Advise on Auchan Land Acquisition in Romania

PNSA and Firon Bar-Nir Advise on Auchan Land Acquisition in Romania

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Popovici Nitu Stoica & Asociatii has advised Auchan on its acquisition of a land plot in Timisoara, Romania, from Plaza Centers, in a deal valued at EUR 7.25 million. The seller was assisted by Firon Bar-Nir.

Plaza Centers announced the disposal on August 7 and reported that the EUR 7.25 million price for the 32,000 square meter property is in line with book value.  

This is the third reported deal in which PNSA has advised Auchan Retail Romania, following its work on Auchan's lease of 2300 square meters of space in the Bucur Obor Shopping Center from Bucur Obor (reported on by CEE Legal Matters on August 14, 2017) and on Auchan's acquisition of the land of the former Automatica factory in Bucharest (reported on by CEE Legal Matters on November 23, 2016).

The PNSA team was led by Partner Bogdan Stoica, Managing Associate Irina Ivanciu, Senior Associate Mariana Marcu, and Associate Ioana Avram.

The Firon Bar-Nir team consisted of Partners Ana Lavan and Ioana Mardare and Junior Associate Ana Zagor. 

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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